Gary Ferraro

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Nevis trust company turns over client records to the IRS

Nevis-licensed Guardian Trust Company Ltd. has provided records to the United States Internal Revenue Service for use in an investigation into alleged tax evasion by some of its clients who reside in Tennessee.

Nevis trust company hurriedly removes link to tax evader

A United States national who was convicted of tax evasion-related offenses as recently as June 30th, 2006 is secretly involved with a Nevis-based trust company, OffshoreAlert can reveal. Until a few weeks ago, Charles Sigerseth, 66, of Missoula, Montana, was listed as the registrant for the domain name ‘guardiantrustcompany.com', which links to the web-site for Guardian Trust Company Ltd. 

Unlicensed offshore ‘credit unions’ offer high yield products to members

A United States firm has been forming IBCs in Panama and selling them to North Americans at a huge mark-up on the basis that they are "financial institutions", OffshoreAlert can reveal.At least five of the IBCs are currently offering investment products and services from web-sites hosted in Montana or the Bahamas even though none holds a license.